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as not only the obama administration and democratic make app coflect tick but healthcare insurance companies are scared there will be some form of delay on the individual mandate because of the result, will be that tear up their business model, as you know, and tear up profits, we're looking at prospect here, if there is a careful reasoning and careful understanding among everyone about a direction to head toward, that we're talking about a second of the economy that is now vulnerable, because the web site did not work, and obamacare is built on what is a very, very faulty assumption, and presumption because of mandate, that young people will sign up for health care they don't need. these risks are very high. where are the republicans headed now, and what is the course you all will follow? >> we are going to continue to get to the bottom of this you point odd one major issue, the cyber security issue, as you heard, that you know we're concerned about that you know, therure americans who are managing to get on to web site at this point, at some time, they are vulnerable it cyber security issu
embarrassingly low that the obama administration is scrambling to wish her that this signature legislative achievements survive the obamacare disaster. i am lou dobbs. ♪ ♪ lou: evening, everyone. the obamacare website is a disaster. max baucus is calling for major changes in the program now in enrollment numbers for the first few days of the obamacare rollout are dramatically disappointing for the administration. the white house has been telling us for months that millions of americans have been visiting health care.gov, but the house oversight committee released internal notes from meetings that show only six people in total successfully enrolled on the first day enrolled. obamacare is a train wreck that has become a laughingstock as a result. as of today, the hite house pushed back expectations, taping them down and jay carney said that we don't expect those numbers to be very high and we never did. henry is at the white house with our report. reporter: embarrassed over the rollout of president obama signatureomestic achievement that only six people signed up on day one and was criti
, in fact, it's going ahead. and the idea of deferring has not only the obama administration and the democratic party appeaplectic, t insurance is scared because of the individual mandate because the result will be to tear up their business model as you know and tear up profits. we're looking at the prospect here, if there isn't careful reasoning and a careful understanding amongst everyone here about a direction to head toward that we're talking about one-sixth of the economy that is now vulnerable because a website, as the president put it, didn't work because obama care itself is built now on what we see as a very, very faulty assumption and presumption because of the mandate that young people are going to sign up for health care that they typically do not need. these risks are very high. where are the republicans headed now, and what is the course you all will follow? >> well, we are going to continue to get to the bottom of this. you know, you pointed out one major issue here, and the cybersecurity issue, as you heard, that we're very concerned about that. you know, ther
is not working 08 is supposed to. >> the obama administration is conceding that some people will have to pay more double-digit increases. john: this halloween politicians give us something we should be scared of, obamacare. >> that product is working. it is really good. john: that is our show tonight. ♪ >> and now john stossel. ♪ john: happy halloween. what scares you? that thing scares me as much as big government and central planning. this is obamacare. this kind of micromanagement takes our money and limits our freedom. government cannot even count votes accurately. now they're going to manage our health care? of few weeks ago the president address the failure of this website and made one point that is absolutely true. >> the affordable care act is not just a website. it is much more. john: right. this is so much more. the failure of the on-line exchanges, just a symptom of this disease. government micromanagement. they cannot make a website work, and yet for years the private company offer something called e-health. millions of people go there and comparison shop. many buy insurance. the
providers, new report reveals that obama administration knew more than what they were saying for more than 3 years, we learn that white house expected as many as 93 million people to be negatively affected under the president's affordable care act. fox news, chief white house report ed henry. >> reporter: as president obama's top aides. >> individual insurance company, 5% of the population. not the 80% who get insurance through employers, but medicare or medicaid or va . >> reporter: there are new questions about the voracity of that claim after a forbes.com report that in june 2010 official predicted that quote mid range estimate is 66% of small employer plans and 45% of large employer plans will relinquish their grand father status by the end of 2013, meaning there could be disruption and cancel letters coming for millions of people in employer base coverage as well. >> it is what the government forces them to buy. >> reporter: spokesman jay carney would not close the door on possibility of cancellation notices coming. but he said that is up to employers who are seeing the rate of health c
today that the obama administration knew for years that many americans actually would not be able to keep their existing health insurance under obama care. lisa myers, who broke the story, we are going to be talking with her. the story that everybody's talking about. she'll join me next. you're watching the "closing bell" on cnbc, first in business worldwide. opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. >>> welcome back. more earnings out. linkedin, over to dominic chu. >> from 4% to 5% down in the market to a flash. after the company, the world's biggest professional networking firm, said sales came in at $393 million, better than estimates, and earnings 39 cents a share, better than estimates. downside pressure applied as fourth quarter and full year sales outlooks coming in below analyst estimates. one thing that might be a positive, why the stock is getting back to flat or sl
in the obama care program. bertha coombs joins us with details. bertha? >> so the obama administration has given itself 26 days to get the federal website fixed and running smoothly. and in the meantime, they say they are now going to be taking healthcare.gov down between 1 a.m. and 5 a.m. it started over the weekend. they'll be doing it now on a daily basis. while it will be another week before we get official enrollment data from the obama administration, some interesting indicators from a commonwealth fund survey. fewer than 1 in 5 merndz who could be eligible under obama care said they visited healthcare.gov. while 60% of those polled know about the online marketplaces, only slightly more than half are actually aware of the availability of subsidies. of those who visited the exchanges, 21% said they had actually enrolled. among early shoppers 1 in 5 is younger than 30. while more than half are between 30 and 49. 73% describe themselves as being in good or excellent health. while 1 in 4 say they're in fair to poor health. now, tomorrow marilyn tavenner will be back o
evening. hhs secretary kathleen sebelius and the obama administration continued to sell obamacare. numbers are released showing dismal enrollment figures. hours later the secretary ys in memphis at an enrollment center refusing to say whether the numbers are accurate. only that the administration has yet to establish an enormous number because the problems of this -- problems with the system >> i don't know what members were gathered and where they came from. federal and roman or state enrollment. we will be giving comprehensive figures about nationwide enrollment into is in the federal marketplace, who is that the state level once a month. we will give people reliable and permission and that then be able to count on it. >> reporter: secretary kathleen sebelius says the administration will first release those numbers by the end of the month. gerri: a federal appeals court striking down the birth control mandate in obamacare. what other ramifications? >> it upheld that challenge requiring employer-sponsored plans to provide birth control. a decision. the supreme court will ultimately decide
. if you haven't heard yet, this is news out there from nbc. nbc is reporting that the obama administration knew millions of people could not keep their health insurance. four sources who were deeply involved in the affordable care act tell nbc news that 50% to 75% of the 14 million consumers who buy their insurance individually can expect to receive a cancellation letter or equivalent over the next year. that's because their existing policies don't meet the standards mandated by the new health care law. one number predicts the number could reach as high at 18% for those new people. many will experience the sticker shock. the white house is pushing back on this report. a white house press equity is tweeting that the nbc scoop, in parentheses sites normal turnover in the individual insurance market that's a, new new, b, not caused by the aca, and c, the problem aca will solve. lisa myers broke this story and will join us at 7:00 eastern with more. >> that is misleading, the response to it. because they were going to grandfather initially people that were in certain plans and then the rules w
the obama administration should be able to tell us every day how many people setting out. one of the buying. gerri: the problems with the website. she's in a city saying we can't tell you, we don't know, don't have the information. >> if they don't know it is worse than i think. the important thing is the website is not the biggest problem. the biggest problem is going to be the canceled premiums, millions of americans who will find on january 1 that the premiums that the president said they could keep are being canceled because they are not legal under obamacare. businesses will be finding that the costs are so high they will drop all lot of their coverage and employees are going medicaid, and businesses are also struggling because of the 30-hour workweek requirement. they will have to cut pay by putting employees on 30-hour work weeks to avoid the obamacare requirement. gerri: what do you mean these premiums are not legal? >> under obamacare only sound insurance policies are legal. you may have an insurance policy with a high deductible that you can afford and le. obamacare may say that i
insurance. much more to come. i am lou dobbs. ♪ lou: good evening, everybody. the obama administration finally admitting that the president was wrong to claim that americans could keep their health care insurance if they so as to define obamacare. there admission comes as the white house is faced with evidence that hundreds of thousands of americans, perhaps millions will be receiving cancellation notices for their current insurance for not meeting obamacare requirements. first it was the president's former top adviser david axelrod to admitted not everyone will be able to keep their current insurance because of obamacare. then the president's spokesman, jay carney, acknowledged what he refused to admit for years. fox news chief white house correspondent ed henry asked the question that produced the carney admission. that is at the white house tonight with our report. >> after years of president obama palin if you already have health insurance you did your plan no matter what. spokesman jay carney ignores that promises not being kept. >> the dummy the matter of standards. >> the admiss
saying the obama administration knew back in 2010 over three years ago 10,000 people would not be able to keep their health insurance despite promising otherwise. dagen: joining us now. this is coming to a rude awakening for people who are getting dumped by their insurance providers bid they will have to go and potentially without a subsidy by more expensive health insurance. >> well, dagen, this is nothing new. it is widely covered in the fall of 2010 when the new regulations were being rolled out from health and human services. we have to keep in mind 85% of americans who get their health insurance from their employers will be able to keep their plan. this is focus on the individual health care marketplace. which was a mess. connell: there is nothing taken out of that quote. >> 85% of americans get it from their employers. if i was his speechwriter, maybe i would have said let's talk a little bit about the fine print but it is 85% of americans, get your insurance from your employer. but the individual health care marketplace that is victimizing consumers have now had to shift to the
. ♪ ♪ single micro- lou: today is historically important for president obama. his administration today appeared to accept responsibility for a mistake. white house press secretary jay carney today admitted obamacare will cause some americans to lose their current health care insurance. much more to come. i am lou dobbs. ♪ lou: good evening, everybody. the obama administration finally admitting that the president was wrong to claim that americans could keep their health care insurance if they so as to define obamacare. there admission comes as the white house is faced with
. first to eamon javers in washington to explain how we got here. >> hi, tyler. the obama administration sees this one as a big win this week. remember that fiscal cliff deal that we had at the end of last year's crisis in washington? what they did was, they raised taxes, and they cut spending through the sequester. and that's had a fairly predictable result. it's been good for the deficit. take a look at this chart, and you'll see the deficit as a percent of gdp has gone down dramatically since 2009 when it was 9.2%. 2013, just 4.1%. 79% of the decrease the government says it due to tax receipts. record tax receipts in 2013, up $325 billion from 2012. that's up 13%. so the tax man is getting his cut of this improving economy and also as a result of those tax increases. that has led to this lowering of the u.s. deficit. that's something the obama administration says is a good thing. they feel like, you know, it's not getting enough attention here in all of this hullabaloo here in washington. >> a quick follow-up question if i might that kayla tausche raised. and that is all of the money
the profession to join the administration. what they should have been doing is fact checking a lot of obama's absurd claims about obama care. but they were facebook creeping on sarah palin's fate book and dissecting all of her status updates instead of doing what they're supposed to be doing and being real journalists. >> go ahead, juan. a lot of dropping the ball on the mainstream media, why? >> i don't think other dropping the bool. i think right now they are paying attention to the failure of the computer rollout. the website problems. >> hold on. >> do you think they're paying attention? >> oh, okay. >> if they're watching fox? >> fox definitely pays attention and mainstream media. what's striking to me is that people now somehow forget that mainstream media has been paying attention to the status quo which is bankrupting families, bankrupting corporations and they want to distort, they want the mainstream media to serve their ascend jend da and system how defeet obama care. all the rong that we should uninsured people, all the inadequately insured people on n. this country. >> who do y
is going on with the implementation of the affordable care act and the obama administration to do this program correctly. but what i don't hear from anyone is that now we know the president obama is a lame duck. and the fact of the matter is. neil: it worries me. >> it worries me as well about mr. bill de blasio and first of all, i would run organizations before he went. there's a huge article from "the new york times" today, thing that i'm going to delegate and this is not what you need in the city of new york. when i worked and lived here, these were hands-on type of guys they were not micromanagers by any stretch of imagination and the imagination and they hire the best people that they could then have multiple ideas that were going on, making sure not just on crime, but making government run more efficiently and how to deal with the $2 billion budget gap by david dinkins. all of those things were going on at the same time and my opponent has absolutely no experience, nor does the president. neil: that's just like the media. >> my opponent did everything he could to win and i u
and that contrasted with the obama administration's reports of more than 6 million unique -- that's a big -- >> i understand why they don't want to give out the numbers. >> the health and human services department has said it won't release enrollment figures until mid november. >> they're probably better off that way. >> that's what sebelius said. >> mid november, i'd do -- >> jan 1? >> yeah. mid 2015 and see what happens. >>> we have other news, president obama has reportly ordered the nsa to stop eavesdropping on joe kernen. no, stop eaves dropping on the headquarters of the imf and world bank. the order is said to be the latest move, of course, by the white house to demonstrate its willingness to curb at least some surveillance in the wake of weeks by former nsa contractor edward snowden. >>> a number of comments about janet yellen starting to come from the senate. richard shelby says he would oppose efforts to block her nomination with a filibuster unless some disturbing disclosure emerge. his comments come after senator rand paul said he instead to withhold her nomination. and senator lindsa
of the affordable care act. >> so the obama administration taking the line that the insurers are making the decision to offer new plans, not to continue to offer grandfathered plans to the insurers, they will tell you the industry association, ahip, says they're offering plans now that comply with aca. so those are the new plans they need to offer now. carl? >> still no -- still no empirical numbers from her, bertha, on enrollment data. >> no, she was very much pressing -- camp was very much pressing that at the beginning, you're getting the numbers of people who are enrolled. can you give us anything about the demographics of the numbers? how many are young? how many of the 700,000 that you claim at this point have gotten through the application process are actually medicaid enrollment, not actually people who are buying plans? and she said that that information will not be available until mid-november. >> bertha, in the meantime, we know the deadline the obama administration has now said is apparently the end of november to get the site up and working. what are the practical implications, if any,
administration can use obama care at some point to become a public -- a positive public relations exercise? >> well, it just depends. they really need to get a lot of people in. if you start getting people in who can find insurance and they feel good about the affordability of it, certainly then that becomes a testament, but at the moment they really have really big hurdles to overcome with this main way for people to sign up in some 36 states. just yesterday on the sunday shows obama administration was kind of, you know, talking down some expectations on enrollment numbers. one of the white house advisors yesterday saying i can promise you the numbers are going to be low when they finally do start reporting them later this month. >> bertha, thank you very much for the update there. >>> here are your headlines today. the end game for sac capital's saga. they learn the hedge fund could sign a deal today. >>> hsbc predisabilities growth in asia as they predict a 30% rise in pretax profit. >>> and what next for blackberry. reports suggest a fairfax financial takeover bid is lacking juice. >>>
sorts of things. >> first obama administration toivonennintestify, before a hoe committee apologized, then maintained sim is working. -- system is working. the head. the centers for medicare and medicaid services construct what is the very least an alternative universe. >> we have a system that is working, we'll improve the speed of that system. >> excuse me. -- >> yes. >> you are saying the system right now is working? >> i'm saying it is working, it is just not working at the speed we want and the success rate wement. those are the things we're working on. lou: congressman trey goudie, member of house oversight, he chairs the subcommittee, great to have you with us. let's start with we may obamacare. this president lied, his administration lied, and persisted over a period of more than 3 years, in maintaining the fiction that people could keep their insurance plans. if they chose. your reaction? >> well, i heard from my fellow citizens but there were a lot of voices warning. it was not true or a lie, or whatever you want to use. your premiums will be higher, and coverage is going t
understood the lot knew that was not always going to happen and specifically the obama administration regulations written for their grandfather plans that might have been allowed to keep going, they wrote regulations summarily in tightly that no one could ever meet the tests. they did this on purpose. they wanted the plan to close to force millions of people out of there are insurance and to populate the new obamacare exchanges. it was not an accident. this was intentional. gerri: it was intentional. do you believe that? i have the sense that the administration is totally on the sixes and sevens. apparently there were not told that the laws i was ready to go public. now you're in telling me that this was all intentional. >> if these changes are going to work and you're going to have the insurance pools working began in healthy people to sign up which means you cannot have them outside of the system by affordable catastrophic coverage it does not have all of these comprehensive benefits mandated by obamacare. you need any effect to get rid of those policies which is what the law and th
. >> the site is not working 08 is supposed to. >> the obama administration is conceding that some people will have to pay more double-digit increases. john: this halloween politicians give us something we should be scared of, obamacare. >> that product is working. it is really good. john: that is our show tonight. ♪
the chance today to grill the top administration official closest to the rollout of the troubled obama care website. medicare chief marilyn tavenner will testify before the house ways and means committee about wa went wrong with healthcare.gov and whether she saw any of it coming. some democrats have now joined with republicans in calling for a one-year delay of the law's penalties for people who remain uninsured. ross, back to you. >> all right. seem ma, that story is going to run for now. have a great day there. >>> apple, profit down for the third straight period in its fiscal fourth quarter. revenue easy rose 4%, boosted by sales of the new iphone 5s and 5c. growth margins slipped, even though am sold 33.8 million iphones. analysts were hoping for a bigger sales beat after revenue margins would come in at the high end of guidance. analysts at william blair and co, thank you for joining us for now. i like the fact, it always amuses me when we get a beat. therefore, it's not a beat. anyway, that's just the way expectations work. look, what pleases you about these numbers and how big a pro
think people need to sit down. the obama administration needs to open itself up and figure out how we can get some sort of bipartisan movement moving forward. we sit in a room, we figure out what's good, what's bad, how do we fix it. the problem is in washington, they talk past each other and can't seem to get anything done and it doesn't seem to make any sense. >> we start with what is the law of the land. the governor doesn't think it's going to work, but now, this is the plan and it's not working when it comes to limitation. how disappointed are you with this rollout where you think you have a good story to tell because you set up your own exchange? >> at 12:01 a.m. when our exchange opened up to enrollment, kentucky started swarming all over our exchange, all over our toll free lines, and in about four weeks, we've had over 300,000 kentucky yaian trying to sign up for obama care -- >> mostly medicaid, though. it's not young people getting the insurance plans to really make this system work, correct? >> of the 26,000, 21,000 are in medicaid, 5,000 are in qualified health plans, but
to be the portal to the crowning achievement of president obama's administration and the affordable care ath are act. i don't know if it's kathleen sebelius is totally at fault. she told congress to, quote, hold me accountable and how come you can't fall on your sword and quit this red-hot minute. even michael brown knew to resign from fema after he bofrped the federal government's handling of the katrina tragedy. we don't know if brownie really resign offed his own accord or was pushed out by president obama, but at least he vanished and that's not a bad idea for sebelius to mull over or act on it. i don't know if cgi group that powered the website knew what it was doing when it set up this ridiculous excuse for an interface between the government and its people. they want to blame verizon for a big portion of the failure. sebelius was implying that verizon's hosting abilities were less than stellar. verizon was thrown right under the bus. well done. i can can tell you how i would have understand thatteled this task and made the president proud. instead of giving the republicans all of the
the obama administration knew for years that the grandfathering regulation that we talked about a few moments ago would wipe out existing health insurance plans and here is a quote that i am reading that after some period of time, most plans will relinquish their grandfathered status since plans rarely stay the same. >> it is something that he touched on briefly. dagen: this is the excuse of the administration officials, have you heard kathleen sebelius to the fallen back on how these plans were grandfathered in. >> they claim there's a grandfather and the law, they also have power to make that smaller and smaller over time. that is what they have done. you can go back to hhs analysis and 2010 saying exactly what we have been talking about. that is a part of the individual market and a lot of those plans are going to be made illegal by those laws. >> okay, so it's not really a decision is illegal for them to go back to the conversation we're having a few minutes ago. because they can save the insurance companies fall. i guess they could say that we are going to upgrade these plans so
at the demand for the new ipad and what it could mean for apple shares. >>> plus, the obama administration, six is the loneliest number. that's apparently how many people were able to sign up for the obama care exchanges day one. we'll look at what this means for the future of the law. >>> maybe we should listen to teenagers when it comes to facebook. a few months ago, a teen wrote, "i'm 13, and none of my friends use facebook." she'll be here to tell us why facebook isn't cool anymore. >>> the numbers for obama care are not pretty. according to document, only six people -- six -- were able to enroll in obama care on day one. those dismal numbers have people taking a closer look at the organization running the program. that is the centers for medicare and medicaid services. our eamon has more on that story. >> reporter: hey, carl. centers for medicaid and medicare services oversee them across the country, and it's an agency that's really dealt with challenges in terms of its own management mistakes, and, also, massive fraud over the years against medicare and medicaid by people all across the c
>>> obama supporters would argue that the administration is known for being tech savvy. how did health care.com end up with so many problems. the former while house chief technology officer will join us live. >>> is twitter really worth all the hype? find out what investors have to say when "squawk on the street" comes right back. little old fashioned. i love chalk and erasers. but change is coming. all my students have the brand new surface. it has the new windows and comes with office, has a real keyboard, so they can do real work. they can use bing smartsearch to find anything in the world... or last night's assignment. and the battery lasts and lasts, so after school they can skype, play games, and my favorite...do homework. change is looking pretty good after all. ♪ change is looking pretty good after all. [ bagpipes and drums playing over ] [ music transitions to rock ] make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you open an account. >>> i am scott cohn, cnbc "newsroom"
'll be focused on this morning, the obama administration appears to have passed up offers for amazon and microsoft to help fix the government's healthcare.gov website b. an october 7th inquiry from amazon subsidiaries. in the meantime, microsoft contacted hhs and the white house with offers of technical expertise and assistance, but the company has not provided any such services at least at this point. >>> coming up, we're going to do reviews of our own. we have reviews of apple's new ipad. >> you have it? >> i don't have it. i've seen it. >> do you guys have air? >> it's pretty amazing. >> we have it coming up in the next segment. >> it seems like all minor things to me. >> it's a little lighter, a lot monster. >> 3-d games are -- >> you want them better or -- >> no. it's expensive. >>> we're going to talk about the sugary drink tax debate. also, in sports news, the boston red sox, can win the world series tonight at fenway if the cardinals win. game seven, that's going to be in boston. >> if they win in boston, it will be the first time since woodrow wilson. (vo) you are a business
in attitude of the obama administration. i mean, we have a president -- the president has to lead. congress can't lead. you can get help from congressmen like congressman frank who helped us in our time of crisis. but the president has to lead. and on the democratic side, he's not showing any leadership that gives any democrat member the idea that what they ought to be doing is trying to work with the republicans. >> then do you write off the next three years as it can't happen in washington? >> i don't think you can write it off. i think it's good they've got this conference committee that's going to try to work out a budget deal. i'm not overly optimistic because the president says means $1 trillion in new taxes. the republicans say a budget deal should mean more economic growth. >> they also say no new taxes. >> well, they say we'll produce much more revenue but not by raising rates. and history bears that out. but they're so far apart, the only way they can get there is if the president does like reagan does or did or did like clinton did. and both of them were ready to lead and to try
that the immediate impact not getting all the young people in that the obama administration and those who designed the law would like to. in the first year, frankly, it's a hit to insurance company bottom lines. it's not -- >> right. >> -- it costs the federal government less to have fewer people insured. the key, though, is to get them in in subsequent years, so that the carriers don't rate up for everybody who is in. >> sure. >> as a result of not getting them in. so again, we have a little time to get this straightened out. >> try telling that to some members of congress. [ laughter ] governor john, thank you for your insight, it will be a long process, watching this get implemented if, in fact, it does well. thanks very much. >>> we have been following the testimony of the secretary on the hill. we'll take a short break. the dow again within a narrow range. we're back in a minute. it's a growing trend in business: do more with less with less energy. hp is helping ups do just that. soon, the world's most intelligent servers, designed by hp, will give ups over twice the performance, using forty
headline. every time there's a problem in the administration obama is unaware. >> he's mad that he didn't know. >> he's mad about obama care. >> he's mad about -- >> that we were spying. >> mad about the irs scandal. mad about benghazi. >> if you're obama, what is the answer on the merkel phone? >> what are you supposed to say? >> our bad. >> are you supposed to say our bad? >> personally to her you say our bad. >> the germans are furious, truly furious. >> by the way, since we did find out -- since he did find out about this they canceled some of them but not all. >> right. that's the funny thing in that story. >> now and in the future. >> we're not doing merkel but we won't say -- >> we did it in the past. no question. >> the germans don't do it. >> the germans don't do it. they say they don't do it. >> when you're in international espionage a lot of this stuff goes on that nobody says they do. >> be a big boy and say, you know what, life is what it is. chinese do it, germans do it, french do it, we all do it. >> there's outrage. it's an important ally. >> the germans -- >> the french
larger and larger under president obama. this is a much larger issue and we have to pull back on some of those qualifications regulations. >> so bill, should we pull back? >> listen, i think rich has the notion that the administration's sin is just the increase in the number of recipients. i think there's a much bigger sin which is the weakening of the work requirement. do not cut benefits. there are genuinely needy pa families. an able bodied adult, work 27 hour as month to earn the benefits. really enforce that. find government jobs doing things like cleaning up parks for people who don't have other employment and make them earn their benefits. >> mike, should there be that work requirement there? >> i don't think, dade, the government should be in the food stamp business at all. primarily because it's tremendously inefficient. over ten cents of every dollar of the food stamp budget goes to paying bureaucrats. it doesn't work. look, the cost, when you adjust for inflation and population, since this was started in the '30s, has risen over 600%. >> wow. >> that's ridiculous. you're mu
as being hands off? not only the spying issue but now the glitches on obama care and healthcare.gov, you know, repeatedly we keep hearing the president didn't know, didn't know ahead of time. you know, we have been led to believe early in his administration that he was a very hands-on kind of guy. >> yeah, that's a very good question. obviously, the president coming off a big win in terms of the government shutdown. he got a good political bounce out of that. we have a new nbc poll coming out later today -- this evening, in fact, and we might be able to get more answers to that very question later tonight. we'll see if there's been any political damage inflict on the president by this botched rollout, by the spying allegations. you're right. when the white house is reduced to explaining that the president simply had no idea this stuff was going on, it's just not a good position for a white house to be in. they've been on the defensive this week. they said they've expressed support for general alexander earlier in the week. expressed support for kathleen sebelius today. when you're expres
to keep quiet about obama care in. >> we have not. we've been actively iengaged wih multiple years with the administration on both sides the aisle. we believe the make system needs to evolve, you need to improve affordability for all and improve health care quality for all. that's what we've been working toward. >> when he refers to "bad apple insurers," i wonder if you think he's lumping you into that group? >> i'd like to think not. if you look at cigna, we have a large record -- we been an employer-- provider for decades. how do you convert those to an individual market to have the same level of engagement and incentives for individuals and partner with physicians and have them engage more on partner health. >> it's been a crazy month for the sector at large. you, yourself, had a nice beat and a nice raise. probably in the this good. what did you say during the call today in. >> we had another strong quarter and we're pleased. our team continues to execute well. a few points are irrelevant here. one, a strong track record of delivering revenues and earnings growth through 2011,
on the wrong track. that is a bad number, as well, for any incumbent administration. what this portends going into 2014 is anybody's guess. but it's bad time in the obama white house right now, guys. >> added up somewhat positive, positive and neutral and i got to 46% for the republicans. it's like the election. here is my question. i'll ask you. you've got your ear -- i kind of wanted to ask harwood, but he's not around. >> fine. >> no, i like you, but with harwood, i kind of nudge him. you've seen the dynamic. >> i'll stay out of that. >> here is the thing. i'm going to paint a scenario and i'm relying on hearsay from ed cline, the author, who said that the white house, valerie jared thought you know what? these republicans are so dumb, but we can trap them and get them to shut down the government. we can use phrases -- she supposed by came up with phrases like hostage taker, gun to your head. we can do all these things, we'll shut it down, it will back fire on them. they'll look stupid and we'll end up winning. now, that strategy worked pretty well, but we've got 42% now on the president's
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